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Trident invests in CDQ subsidiaries

The two groups will jointly control three operations.

Aleutian Pribilof Island Community Development Association (APICDA) CEO Larry Cotter and Trident Seafoods CEO Joe Bundrant said Thursday the two companies reached an agreement for Trident to invest in APICDA’s processing facility and fuel farm in Alaska as well as Washington-based Cannon Fish Company.

APICDA and Trident will have joint ownership in all three of the operations.

Trident will help APICDA "maximize the volume of product, focus on providing year‐round employment and contribute greater tax revenue."

“Trident has a long history of adding value to Alaska’s fishery resources," said Cotter. "Trident’s investment offers APICDA the opportunity to focus greater resources to develop needed fishing industry infrastructure in our other Community Development Quota (CDQ) communities of Nelson Lagoon, Atka and St. George as we did in False Pass.”

Trident currently operates 10 shore‐based processing plants in Alaska, and value‐added processing operations in the lower‐48, Europe, Japan and China.

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Trident invests in CDQ subsidiaries

The two groups will jointly control three operations.

Aleutian Pribilof Island Community Development Association (APICDA) CEO Larry Cotter and Trident Seafoods CEO Joe Bundrant said Thursday the two companies reached an agreement for Trident to invest in APICDA’s processing facility and fuel farm in Alaska as well as Washington-based Cannon Fish Company.

APICDA and Trident will have joint ownership in all three of the operations.

Trident will help APICDA "maximize the volume of product, focus on providing year‐round employment and contribute greater tax revenue."

“Trident has a long history of adding value to Alaska’s fishery resources," said Cotter. "Trident’s investment offers APICDA the opportunity to focus greater resources to develop needed fishing industry infrastructure in our other Community Development Quota (CDQ) communities of Nelson Lagoon, Atka and St. George as we did in False Pass.”

Trident currently operates 10 shore‐based processing plants in Alaska, and value‐added processing operations in the lower‐48, Europe, Japan and China.